Gov. Hochul and state lawmakers agree on new short-term rental law

From: New York State Association of REALTORS (NYSAR) Sent: Saturday, December 28, 2024 Subject: Read this week's NYSAR E-News!

State lawmakers and Governor Hochul have agreed to chapter amendments that will result in passage of a new law giving counties the option to create their own registries for short-term rental properties. There will be no mandate on counties. Booking platforms, including Airbnb and Vrbo, will be required to send quarterly reports to counties and the Department of State. Short-term rental properties will also be required to pay the same sales and occupancy taxes as hotels. Lawmakers are expected to approve the final, amended version in January. 

Source: www.timesunion.com